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12 Cards in this Set
- Front
- Back
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What does APR represent?
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Total Cost of Credit
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Things You should Look for When Getting a Credit Card
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1. Interest Rate
2. What might effect interest rate. 3. Type of Credit 4. Fees 5. Credit Limit |
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Ways to Earn Excellent Credit
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1. Use the credit card.
(its worse to not use it at all than to have "worse" credit) 2. Pay off on Time/Pay more than minimum 3. Don't take on too much debt 4. Watch the type of credit |
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Days you have to request credit card with no Charge
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30 Days
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Cash Price - Total Amount Paid =
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Interest Rate, Finance Charge, Cash Of Credit
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Chapter 13 Bankruptcy
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Personal bankruptcy, some debts remain.
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Highest Interest Rate Credit Card Company Can Charge You is?
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There is no "highest rate".
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What happens to principle when down payment increases?
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Principle Decreases
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"BAD" Reasons To Use Credit Card
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1. Purchases Under $10
2. If you can eat or drink it, don't use it. |
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What is your credit report?
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Summary of history with credit card, it is what determines your future possibility credit.
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Three Credit Bureaus
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Equifax, Experian, Transunion
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"Good" reasons to use a credit card
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Emergency
Large Purchases Internet Purchases |
